Italy’s biggest bank will need to take extraordinary measures to boost share performance

Fondazione Cariverona, UniCredit’s biggest Italian shareholder with a stake of 1.8% has called upon UniCredit to take measures to boost the share’s performance.

On Friday, the head of a leading shareholder in UniCredit, he hoped Italy’s biggest bank would take “extraordinary steps” to boost the performance of its share with a new business plan.

UniCredit’s Chief Executive Jean Pierre Mustier, is scheduled to present the company’s new business plan in the begining of December.

UniCredit’s biggest Italian shareholder, Alessandro Mazzucco, chairman of Fondazione Cariverona said, the charitable banking foundation was anxiously awaiting the new plan.

“We are worried about the bank’s share price performance,” said Mazzucco. “This obligates us to pay close attention to the plan and we hope for extraordinary steps … which can make the bank look more attractive, calling attention to it and boosting its visibility.”

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